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LEASES
 6 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES LEASES
The Company leases office space, warehouse and distribution facilities, manufacturing equipment and vehicles primarily in North America and Europe. The Company determines if an arrangement is or contains a lease at inception. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company’s lease agreements generally do not contain residual value guarantees or material restrictive covenants.
Some of the Company’s leases contain variable lease payments, which are expensed as incurred unless those payments are based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at lease commencement and included in the measurement of the lease liability; thereafter, changes to lease payments due to rate or index changes are recorded as variable lease expense in the period incurred. The Company does not have any related party leases, and sublease transactions are de minimis.
The components of lease expenses for the three and six months ended December 31, 2022 were as follows:

Three Months EndedSix Months Ended
December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Operating lease expenses$2,238 $3,665 $7,213 $7,417 
Finance lease expenses71 67 140 137 
Variable lease expenses169 306 349 709 
Short-term lease expenses390 677 886 2,042 
Total lease expenses$2,868 $4,715 $8,588 $10,305 

Supplemental balance sheet information related to leases was as follows:
LeasesClassification December 31, 2022June 30, 2022
Assets
Operating lease ROU assets, netOperating lease right-of-use assets, net$101,374 $114,691 
Finance lease ROU assets, netProperty, plant and equipment, net366413 
Total leased assets$101,740 $115,104 
Liabilities
Current
OperatingAccrued expenses and other current liabilities$13,448 $13,154 
FinanceCurrent portion of long-term debt100 149 
Non-current
Operating Operating lease liabilities, noncurrent portion92,587 107,481 
FinanceLong-term debt, less current portion279 278 
Total lease liabilities $106,414 $121,062 

Additional information related to leases is as follows:
Six Months Ended
December 31, 2022December 31, 2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$8,173 $7,560 
Operating cash flows from finance leases$9 $10 
Financing cash flows from finance leases$106 $123 
ROU assets obtained in exchange for lease obligations:
Operating leases(1)
$(4,764)$3,182 
Finance leases$60 $116 
ROU assets obtained in connection with an acquisition:
Operating leases$— $4,098 
Weighted average remaining lease term:
Operating leases10.7 years9.5 years
Finance leases4.1 years4.2 years
Weighted average discount rate:
Operating leases4.7 %3.2 %
Finance leases4.6 %3.9 %
(1) Includes adjustment for modification of an operating lease during the three months ended December 31, 2022 which resulted in a reduction of ROU assets and lease liabilities of $13,876 and $17,244 respectively, and recognition of a gain of $3,368 related to the modification.

Maturities of lease liabilities as of December 31, 2022 were as follows:
Fiscal YearOperating leasesFinance leasesTotal
2023 (remainder of year)$9,544 $64 $9,608 
202414,842 101 14,943 
202512,564 99 12,663 
202611,919 74 11,993 
202711,638 54 11,692 
Thereafter77,290 25 77,315 
Total lease payments137,797 417 138,214 
Less: Imputed interest31,762 38 31,800 
Total lease liabilities$106,035 $379 $106,414 
LEASES LEASES
The Company leases office space, warehouse and distribution facilities, manufacturing equipment and vehicles primarily in North America and Europe. The Company determines if an arrangement is or contains a lease at inception. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company’s lease agreements generally do not contain residual value guarantees or material restrictive covenants.
Some of the Company’s leases contain variable lease payments, which are expensed as incurred unless those payments are based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at lease commencement and included in the measurement of the lease liability; thereafter, changes to lease payments due to rate or index changes are recorded as variable lease expense in the period incurred. The Company does not have any related party leases, and sublease transactions are de minimis.
The components of lease expenses for the three and six months ended December 31, 2022 were as follows:

Three Months EndedSix Months Ended
December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Operating lease expenses$2,238 $3,665 $7,213 $7,417 
Finance lease expenses71 67 140 137 
Variable lease expenses169 306 349 709 
Short-term lease expenses390 677 886 2,042 
Total lease expenses$2,868 $4,715 $8,588 $10,305 

Supplemental balance sheet information related to leases was as follows:
LeasesClassification December 31, 2022June 30, 2022
Assets
Operating lease ROU assets, netOperating lease right-of-use assets, net$101,374 $114,691 
Finance lease ROU assets, netProperty, plant and equipment, net366413 
Total leased assets$101,740 $115,104 
Liabilities
Current
OperatingAccrued expenses and other current liabilities$13,448 $13,154 
FinanceCurrent portion of long-term debt100 149 
Non-current
Operating Operating lease liabilities, noncurrent portion92,587 107,481 
FinanceLong-term debt, less current portion279 278 
Total lease liabilities $106,414 $121,062 

Additional information related to leases is as follows:
Six Months Ended
December 31, 2022December 31, 2021
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$8,173 $7,560 
Operating cash flows from finance leases$9 $10 
Financing cash flows from finance leases$106 $123 
ROU assets obtained in exchange for lease obligations:
Operating leases(1)
$(4,764)$3,182 
Finance leases$60 $116 
ROU assets obtained in connection with an acquisition:
Operating leases$— $4,098 
Weighted average remaining lease term:
Operating leases10.7 years9.5 years
Finance leases4.1 years4.2 years
Weighted average discount rate:
Operating leases4.7 %3.2 %
Finance leases4.6 %3.9 %
(1) Includes adjustment for modification of an operating lease during the three months ended December 31, 2022 which resulted in a reduction of ROU assets and lease liabilities of $13,876 and $17,244 respectively, and recognition of a gain of $3,368 related to the modification.

Maturities of lease liabilities as of December 31, 2022 were as follows:
Fiscal YearOperating leasesFinance leasesTotal
2023 (remainder of year)$9,544 $64 $9,608 
202414,842 101 14,943 
202512,564 99 12,663 
202611,919 74 11,993 
202711,638 54 11,692 
Thereafter77,290 25 77,315 
Total lease payments137,797 417 138,214 
Less: Imputed interest31,762 38 31,800 
Total lease liabilities$106,035 $379 $106,414